Lebanon’s current economic situation requires innovative solutions to transition towards knowledge-based models. Unfortunately, due to a lack of essential tools and incentives for effective innovation activation and commercialization, the country is in a decline in overall innovation output. Its main victims are the tech and startup sector, a breakthrough for all aspirants to create innovative projects.
Today the country has a banking sector in limbo; the tech and startup ecosystem is seeking a new direction after the many upheavals of the sector. The country experienced liquidity shortages in the years prior to 2019, but the full extent of the fragility of the economy was concealed through financial engineering by the governor of the central bank.
